BOJ Minutes – some worry about perception BOJ is financing deficit

Via Reuters … BOJ Oct 31 minutes: some members worry about perception BOJ is financing deficit

Some Bank of Japan board members expressed concern that expanding the central bank’s quantitative easing could increase the risk that it will be seen as financing the government deficit, minutes of an Oct. 31 meeting showed.

Well, yeah …

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If perceptions that the BOJ is financing the deficit gain ground in the market, that’s when you’ll see a waterfall collapse in the yen.